Pak-China forum explores strategies for Golden Ring

China's contemporary technology can play a pivotal role in boosting Pakistan's economic growth and the adoption of advanced technologies in sectors such as agriculture, energy and manufacturing will enhance productivity and efficiency, said Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) President Nazir Hussain. He was speaking at a meeting hosted by the PCJCCI on Thursday in association with the Golden Ring Economic Forum (GREF) to discuss economic strategies and collaborative initiatives aimed at strengthening regional ties within the Golden Ring framework.

They discussed the potential of barter trade between Pakistan and China to reduce dependency on conventional trade practices and also explored shared economic recovery initiatives to address challenges posed by the global economic slowdown and foster bilateral trade resilience.

The PCJCCI president also highlighted the importance of collaborating in industrial digitisation, renewable energy and smart infrastructure to accelerate Pakistan's economic transformation.

Speaking on the occasion, GREF Chairman Lt Gen (Retd) Sikander Afzal shared that the Golden Ring Economic Forum, a strategic economic policy think tank established in Lahore in 2015, aimed to enhance economic cooperation among China, Iran, Pakistan, Russia and Turkey, collectively called the Golden Ring.